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Shenzhen Emperor Technology Co (300546) Fair Value & Analysis

Industrials · CN · Market cap 3.1B CNY

SE Shenzhen Emperor Technology Co 300546 · SHE
Price¥16.76
Fair Value¥4.39
Upside-73.8%
Quality71/100
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Healthy Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
0.27% dividend yield
Trails peers (4/14)
Narrow moat 25/100
Evidence: High Range ¥2.98 – ¥4.97 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 33 days ago

Fair value updated Jul 9, 2026, revised from ¥7.50 to ¥4.39 (−41.5%) since Jun 24, 2026. Share price +13.1% over the past month.

A solid business, but screening 74% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥4.97). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥36.82 ¥7.93 Fair Value ¥4.39 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥7.93 – ¥36.82 · fair‑value band ¥2.98 – ¥4.97 · the ¥16.76 price screens above the ¥4.39 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shenzhen Emperor Technology Co (300546) currently trades at ¥16.76, while our model-based Fair Value estimate is ¥4.39, implying the stock looks roughly 73.8% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Shenzhen Emperor Technology Co generated revenue of 597M CNY at a net margin of 4.3%. Revenue grew 9.4% year over year. It earns a return on equity of 2.3%. The balance sheet holds a net cash position of 468M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥2.98 (bear case) to ¥4.97 (bull case); at ¥16.76, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 55% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -57% fair-value upside, at -74%, 300546 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ¥10.81 ¥16.55 ¥26.07 80
Residual Income ¥4.37 ¥4.22 ¥3.54 76
Rev-Margin DCF ¥8.12 ¥11.25 ¥15.42 74
All 26 models by family
DCF Models
FCF DCF ¥10.94 ¥17.46 ¥28.81 38
Owner Earnings ¥6.40 ¥9.06 ¥13.68 31
5Y Revenue Exit ¥8.12 ¥11.28 ¥15.52 39
5Y EBITDA Exit ¥8.94 ¥13.01 ¥18.13 41
5Y P/E Exit ¥7.64 ¥10.26 ¥13.22 38
10Y Revenue Exit ¥8.90 ¥12.25 ¥17.33 36
10Y EBITDA Exit ¥9.55 ¥13.50 ¥19.52 37
10Y P/E Exit ¥8.70 ¥11.50 ¥15.39 35
Earnings-Based
Graham-Dodd ¥1.35 ¥6.91 ¥9.55 54
Lynch FV ¥1.88 ¥2.69 ¥3.50 50
PEG = 1.0 ¥1.88 ¥2.69 ¥3.50 46
EPV ¥6.43 ¥6.92 ¥7.35 59
Dividend Discount
Gordon GGM ¥0.3900 ¥0.7800 ¥1.19 70
DDM Multi-Stage ¥0.3900 ¥0.6800 ¥0.8300 61
Multiples
P/E Multiple ¥2.98 ¥3.98 ¥4.97 63
P/S Multiple ¥2.54 ¥3.38 ¥4.23 58
P/B Multiple ¥2.54 ¥3.38 ¥4.23 55
EV/EBIT ¥8.47 ¥10.20 ¥11.94 53
EV/EBITDA ¥8.33 ¥10.01 ¥11.69 54
EV/Revenue ¥6.78 ¥8.28 ¥9.78 43
Asset-Based
NCAV (Graham) ¥3.05 ¥4.08 ¥6.10 50
Growth DCF
Growth DCF ¥10.81 ¥16.55 ¥26.07 80
Rev-Margin DCF ¥8.12 ¥11.25 ¥15.42 74
Economic Profit
Residual Income ¥4.37 ¥4.22 ¥3.54 76
ROIC Compounder ¥6.60 ¥7.79 ¥9.10 72
Growth Earnings
Growth-Adj P/E ¥2.77 ¥3.96 ¥5.14 68

Widest divergence: DCF Models (¥11.50) versus Dividend Discount (¥0.6800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 597M CNY
Revenue growth (YoY) +9.4%
Net margin 4.3%
Return on equity 2.3%
Free cash flow 113M CNY FY2025
P/E ratio 119.4
More key figures
Operating margin -25.6%
EPS (TTM) ¥0.1400
Dividend yield 0.3%
EPS growth (YoY) +107%
Net cash 468M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 73 · Market factors (momentum, volatility) 24

Profitability 30
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 67
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Shenzhen Emperor Technology Co., Ltd. operates as an identity products and solutions provider in China and internationally.

Full company description

Shenzhen Emperor Technology Co., Ltd. operates as an identity products and solutions provider in China and internationally. The company offers security identity solutions, such as biometric enrollment, ID documents personalization, mailing, identity authentication, and documents dispensing; banking solutions, including financial card personalization and issuance; election products, such as voter registration, voter card personalization, and voter identity authentication. It also provides intelligent transportation systems, such as ticketing systems, AFC, and e-bike plates; identity authentication, document verification, and AI passport analysis; and security documents, ePublic services, smart election, and intelligent transportation. The company serves public security, foreign affairs, civil aviation, public transportation, banking, social security, border control, and other industries. Shenzhen Emperor Technology Co., Ltd. was incorporated in 1995 and is headquartered in Shenzhen, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Emperor Technology Co reported revenue of ¥591M in FY2025 versus ¥473M in FY2021, a compound +5.7%/yr. Reported net income was ¥37.3M in FY2025, compounding +36.0%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
591M CNY
Latest YoY
+7.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.9%
Avg. growth/yr (16Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Revenue +5.7%/yr
FY21 ¥473M
FY22 ¥617M
FY23 ¥412M
FY24 ¥552M
FY25 ¥591M
Net income +36.0%/yr
FY21 ¥10.9M
FY22 ¥36.8M
FY23 −¥23.5M
FY24 ¥29.1M
FY25 ¥37.3M

300546 screens 74% overvalued. Compare with Ricoh Company →

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Cite: Fair Value Calculator (2026). "Shenzhen Emperor Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300546

Peer Group

Business Equipment & Supplies · 73 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 71 · Top 25%
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) -26% · Bottom 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 119.4× · Pricier than 75% of peers
P/B 2.74× · Pricier than 75% of peers
P/S (TTM) 5.26× · Pricier than 75% of peers
P/FCF 4.1× · Pricier than median
EV/EBITDA 54.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 47 · sector 19
PAST 9 · sector 20
HEALTH 100 · sector 99
DIVIDEND 5 · sector 52

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Ricoh Company RICO ¥15.33 ¥17.99 +17%
GRG Banking Equipment Co 002152 ¥10.08 ¥6.90 -32%
Shanghai M&G Stationery Inc 603899 ¥22.83 ¥30.05 +32%
XGD Inc 300130 ¥19.90 ¥15.67 -21%
DOMS Industries Limited DOMS ₹2,260 ₹782.96 -65%
Hengbao Co 002104 ¥9.20 ¥1.66 -82%
Shaanxi Fenghuo Electronics Co 000561 ¥6.99 ¥1.75 -75%
Shenzhen Comix Group 002301 ¥7.30 ¥3.11 -57%
Shandong New Beiyang Information Technology Co 002376 ¥6.00 ¥1.73 -71%
Cashway Fintech Co 603106 ¥9.04 ¥1.20 -87%

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Frequently asked questions

Is Shenzhen Emperor Technology Co (300546) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥4.39 versus a price of ¥16.76, about −74% (overvalued).
What is the fair value of 300546?
Our model-based fair value for Shenzhen Emperor Technology Co is ¥4.39 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥16.76.
What is the quality score of 300546?
Shenzhen Emperor Technology Co has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Shenzhen Emperor Technology Co (300546)?
Shenzhen Emperor Technology Co reported trailing-twelve-month revenue of about 597M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300546?
The net profit margin of Shenzhen Emperor Technology Co is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Emperor Technology Co pay a dividend?
Shenzhen Emperor Technology Co currently shows a dividend yield of about 0.27% relative to its recent price (as of Jul 9, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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